Cha 7 - Recognizing and rewarding

Responsibilifes point system quanftafve approach to

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Unformatted text preview: s - supply and demand –  Area wage rates - compete with other local employers –  COL - maintain purchasing power –  CollecFve bargaining - pattern bargaining –  Legal requirements - minimum wages JOB EVALUATION SYSTEM - don not determine the wage rate Determining relaFve worth of jobs •  Job ranking - a person is knowledgeable about all the jobs –  Perhaps only possible in smaller organizaFons •  Job classificaFon –  Grouping jobs by duFes and responsibiliFes •  Point system –  QuanFtaFve approach to determining job relaFve value base on compensable factors, like skill... •  Factor comparison system –  For examp...
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This note was uploaded on 01/30/2014 for the course MOS 1021 taught by Professor Obrien during the Fall '11 term at UWO.

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